Franchises for Sale in Onaway, Michigan
Onaway, Michigan Franchise Opportunities (and Businesses for Sale)
| Order | Franchise Name | Industry Name | Available Capital | ||
|---|---|---|---|---|---|
| 1 |  | Automated Investments | Business Opportunities | $100,000 | |
| 2 |  | E-Commerce Future USA | Business Opportunities | $30,000 | |
| 3 |  | Zoomin Groomin | Pet | $90,000 | |
| 4 |  | Blue Coast Savings Consultants | Financial Franchises | $70,000 | |
| 5 |  | Five Star Painting | Home Services & Repair Franchises | $50,000 | |
| 6 |  | My Business Venture | Computer & Internet Franchises | $10,000 | |
| 7 |  | Buddy's Home Furnishings | Retail Franchises | $150,000 | |
| 8 |  | Mr. Rooter Plumbing | Home Services & Repair Franchises | $100,000 | |
| 9 |  | Rainbow Restoration | Cleaning Franchises | $100,000 | |
| 10 |  | Fuego Cravings | Food & Restaurant | $200,000 |
To gain comprehensive insights into Onaway, Michigan, consider these figures in the table below, which include demographic segments, household dynamics, and financial averages, all pivotal in assessing the viability and promise of your franchise endeavor.
| Onaway, Michigan Demographic Insights | ||
| Households (2024) | 316 | |
| Households (2029) | 310 | |
| Population (2024) | 775 | |
| Population (2029) | 752 | |
| Per capita Income (2024) | $22,402 | |
| Total Household Expenditures | $22,487,906 | |
| Total Retail Expenditures | $12,690,347 | |
| Average Household Income (2024) | $54,942 | |
| Average Household Income (2029) | $55,975 | |
| City Data retrieved from https://sitesusa.com/Data | ||
Local Insights
The automotive industry in Onaway presents a significant opportunity for potential franchisees. The gap report shows a substantial difference between potential and actual sales, especially in the motor vehicle and parts dealers sector. For instance, the potential sales for new car dealers are $1.57 million, compared to actual sales of $245,320, indicating a large unmet demand. Additionally, the auto parts and accessories sector shows potential sales of $130,550, compared to actual sales of $84,840. Establishing franchises in these segments can help bridge this gap and meet the community's needs for automotive products and services.
Read MoreOnaway's food industry also presents a substantial opportunity for new franchises to thrive. With an annual consumer expenditure of $3.37 million on food and beverages, there is clear demand for dining options. The average household income in Onaway is projected to grow to $89,904 by 2029, suggesting increased disposable income for dining out. Franchises offering diverse culinary experiences, healthy eating options, and quick-service restaurants could capitalize on this under-served market, catering to the evolving tastes and preferences of the local population.
The retail industry in Onaway offers promise for franchisees, with substantial gaps between potential and actual sales in various segments. The data reveals a significant unmet demand in categories such as clothing, furniture, and electronics stores. For instance, potential sales for family clothing stores are projected at $193,470, while actual sales are only $29,890, indicating a large market gap. Similarly, furniture stores show potential sales of $140,990 compared to actual sales of $21,760. The electronics and appliance sector also presents an opportunity, with potential sales of $178,580 against actual sales of $27,790. Establishing franchises in these retail segments can capitalize on the existing demand, providing residents with more shopping options and filling the current market void. This unmet demand highlights a lucrative opportunity for retail franchises to thrive in Onaway.
With a population of 775 and 316 households, Onaway offers a close-knit customer base where businesses can build strong local connections. Annual household expenditures total $22.49 million, highlighting steady consumer demand. With fewer businesses competing for attention, franchises have a greater opportunity to establish themselves as go-to providers in the area.
The local workforce includes 0 employed individuals, creating a steady hiring pool for businesses looking to attract and retain talent. Housing stability is reflected in 0 owner-occupied homes, demonstrating long-term community investment and a strong local presence.
For franchises focused on essential services, value-driven products, or niche offerings, Onaway provides an opportunity to build lasting customer relationships and stand out in a market with fewer direct competitors.
Explore the franchise listings below and take the first step towards a rewarding business venture.
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